25th Feb 2019 13:01
LONDON (Alliance News) - Anglo Asian Mining PLC on Monday declared an dividend of USD0.06 per share for 2018, its first annual payout, as it also published a resource estimates for the Gadir underground mine at Gedabek, Azerbaijan.
The Measured & Indicated mineral resource for the Gadir mine stands at 1.8 million tonnes at a grade of 2.54 grams per tonne of gold containing 145,200 ounces, 12.9 grams per tonne of silver containing 736,100 ounces, 0.21% grade copper containing 3,295 tonnes, and 0.84% zinc containing 14,470 tonnes.
Gadir's Inferred mineral resource holds 571,00 tonnes, while its Proved & Probable ore reserves are 797,000 tonnes.
Anglo Asian said it will publish the full JORC mineral resources and reserve estimates for Gadir by the end of the first quarter, and publish its 2018 results on May 16.
Shares in Anglo Asian Mining were down 3.0% at 80.50 pence on Monday.
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